The Fair Share Report
264 Fenwick Rd
Mannington, NJ 08098
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Mannington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $175,397 – $383,693, from 12 comparable Mannington sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Mannington assessments sit below market value — republished every October, applied town-wide. A $271,152 home should be assessed near $217,518.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,818 below what the ratio math suggests (35.8%).
Step 4 · The tax rate — same for every Mannington home
$2.026 Schools · 56% $1.278 County · 35% $0.299 Town · 8%
Step 5 · The bill
This home vs. every recent Mannington sale · assessed ÷ market
31%98%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 60 MANN-YORKETOWN RD | 2025-11 | $176,028 | 1,305 | 79.6% |
| 209 MANN-YORKETOWN RD | 2025-02 | $285,000 | 1,026 | 65.4% |
| 111 HACKETT RD | 2025-11 | $452,500 | 1,650 | 41.4% |
| 241 FENWICK RD | 2025-07 | $325,000 | 1,092 | 55.1% |
| 466 ALLOWAY WOODSTOWN RD | 2025-10 | $150,000 | 1,012 | 64.3% |
| 204 COMPROMISE RD | 2025-12 | $312,500 | 1,504 | 58.7% |
| 691 ROUTE 45 | 2025-03 | $430,000 | 2,081 | 62.3% |
| 81 CHENEY RD | 2025-08 | $202,000 | 1,300 | 80.6% |
| 303 ROUTE 45 | 2025-10 | $155,000 | 1,164 | 92.1% |
| 222 ROUTE 45 | 2025-11 | $346,000 | 1,620 | 50.5% |
| 376 GRISCOM DR | 2025-12 | $365,000 | 2,015 | 73.4% |
| 67 COMPROMISE RD | 2026-04 | $294,000 | 1,008 | 49.1% |
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